Banca Transilvania S.A.

BVB:TLV Stock Report

Market Cap: RON 24.7b

Banca Transilvania Valuation

Is TLV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TLV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TLV (RON27) is trading below our estimate of fair value (RON43.18)

Significantly Below Fair Value: TLV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TLV?

Key metric: As TLV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TLV. This is calculated by dividing TLV's market cap by their current earnings.
What is TLV's PE Ratio?
PE Ratio5.6x
EarningsRON 4.43b
Market CapRON 24.70b

Price to Earnings Ratio vs Peers

How does TLV's PE Ratio compare to its peers?

The above table shows the PE ratio for TLV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
BRD BRD - Groupe Société Générale
8.7x3.6%RON 13.2b
PBK Patria Bank
6.9x22.7%RON 268.9m
MAHABANK Bank of Maharashtra
8.5xn/a₹416.3b
FEDERALBNK Federal Bank
11.7x13.3%₹483.4b
TLV Banca Transilvania
5.6x-1.5%RON 24.7b

Price-To-Earnings vs Peers: TLV is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does TLV's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TLV 5.6xIndustry Avg. 7.6xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TLV is good value based on its Price-To-Earnings Ratio (5.6x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is TLV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TLV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: TLV is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TLV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRON 27.00
RON 30.42
+12.7%
7.2%RON 33.37RON 26.57n/a7
Dec ’25RON 26.40
RON 28.62
+8.4%
13.2%RON 33.37RON 21.80n/a6
Nov ’25RON 28.30
RON 27.38
-3.3%
11.6%RON 31.90RON 21.80n/a6
Oct ’25RON 27.75
RON 27.38
-1.3%
11.6%RON 31.89RON 21.80n/a6
Sep ’25RON 28.75
RON 27.38
-4.8%
11.6%RON 31.89RON 21.80n/a6
Aug ’25RON 29.10
RON 25.47
-12.5%
13.8%RON 29.62RON 18.99n/a6
Jul ’25RON 27.70
RON 25.47
-8.0%
13.8%RON 29.62RON 18.99n/a6
Jun ’25RON 27.18
RON 25.47
-6.3%
13.8%RON 29.62RON 18.99n/a6
May ’25RON 24.74
RON 25.23
+2.0%
9.4%RON 28.49RON 21.91n/a5
Apr ’25RON 24.22
RON 24.36
+0.6%
11.9%RON 28.49RON 20.03n/a6
Mar ’25RON 23.00
RON 23.53
+2.3%
10.4%RON 26.57RON 20.03n/a5
Feb ’25RON 21.58
RON 22.09
+2.3%
5.0%RON 23.27RON 20.03n/a5
Jan ’25RON 21.13
RON 22.09
+4.5%
5.0%RON 23.27RON 20.03n/a5
Dec ’24RON 20.02
RON 22.14
+10.6%
5.3%RON 23.52RON 20.03RON 26.405
Nov ’24RON 19.22
RON 21.92
+14.1%
5.4%RON 23.52RON 20.03RON 28.306
Oct ’24RON 19.25
RON 21.05
+9.4%
11.4%RON 23.52RON 15.82RON 27.757
Sep ’24RON 18.41
RON 19.97
+8.4%
14.1%RON 23.52RON 15.82RON 28.756
Aug ’24RON 18.62
RON 19.14
+2.8%
12.8%RON 22.69RON 15.82RON 29.106
Jul ’24RON 16.01
RON 19.14
+19.6%
12.8%RON 22.69RON 15.82RON 27.706
Jun ’24RON 14.58
RON 19.14
+31.3%
12.8%RON 22.69RON 15.82RON 27.186
May ’24RON 14.78
RON 19.14
+29.5%
12.8%RON 22.69RON 15.82RON 24.746
Apr ’24RON 15.05
RON 18.80
+24.9%
13.6%RON 22.69RON 15.82RON 24.225
Mar ’24RON 15.13
RON 19.99
+32.2%
21.3%RON 27.01RON 15.59RON 23.005
Feb ’24RON 15.31
RON 19.69
+28.6%
20.0%RON 27.01RON 15.59RON 21.586
Jan ’24RON 15.37
RON 19.69
+28.1%
20.0%RON 27.01RON 15.59RON 21.136
Dec ’23RON 15.51
RON 19.69
+26.9%
20.0%RON 27.01RON 15.59RON 20.026

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:54
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Banca Transilvania S.A. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mihai AnghelescuAlpha Finance Romania
Andreas MarkouBerenberg
Simon NellisCitigroup Inc